518 Assembly Proceedings, Feb. 23-May 22, 1756.

Liber H. S.
No. 1
[Naval-
Officers to
transmit
Accounts.]

And be it further Enacted, That the Naval-Officers aforesaid, for
the Time being, shall yearly transmit to the Commissioners of the
Loan-Office, an Account upon Oath, of the Moneys in Virtue of this
Act respectively by them to be received as aforesaid, retaining in his
or their Hands respectively a Commission of Two Pounds Ten Shil-
lings per Cent. And that the Office-Bonds of the said Naval-Officers,
and their Sureties in such Bonds, shall be answerable for all the
Moneys so by them respectively received as aforesaid.

p. 249

[Application
of Fines,
&c.]

And be it further Enacted, That all and every the Fines, Pen-
alties, and Forfeitures, above by this Act laid and imposed, shall be
recovered as by this Act above is directed, and applied and paid the
one Moiety to the Use of the Informer, or him, her, or them, that
will sue for the same, the other to the Commissioners or Trustees
of the Loan Office, for the Time being, to be applied to the sinking
the said Sum above by this Act raised and emitted for his Majesty's
Service.
And be it Enacted, That in Case any more Money shall be raised,

[In Case a
Surplus
should be
raised by
this Act,
then paying
the 40,000 1.
to go to-
wards the
Public
Expence.]

during the Continuance of this present Act, in Virtue thereof, or
paid to the Commissioners or Trustees of the Loan Office, than the
Sum of Forty Thousand Pounds aforesaid, emitted and made Cur-
rent for the Service aforesaid, that then and in such Case, such
Money, so raised or paid, over and above the Sum aforesaid, shall
be, and is hereby directed to be appropriated and applied towards
the Discharge of the Public Expence of this Province, as the General
Assembly thereof, for the Time being, shall direct and appoint.
And to prevent the Evils that may arise, or be apprehended will

[Commis-
sioners
appointed,
in Case the
Funds
should not
raise a
sufficient
Sum, to
meet and
make an
Estimate
of the
Deficiency,
and lay an
additional
Land-Tax.]

arise, by the several Funds mentioned in this Act not being suffi-
cient to replace and sink the Sum of Forty Thousand Pounds thereby
raised, according to the true Intent and Meaning of the said Act,
Be it Enacted by the Authority aforesaid, That the Honourable
Samuel Chamberlaine, Philip Thomas, Benjamin Tasker, junior,
Richard Lee, Benedict Calvert, and William Goldsborough, Esquires,
Philip Hammond, Charles Carroll, John Gassaway, William Mur-
dock, Matthew Tilghman, and Robert Lloyd, Esquires, are ap-
pointed, by Virtue of this Act, Commissioners for the Purposes
herein after mentioned, that is to say, the said Commissioners, or
the Majority of them, or the Survivors of them, shall, on the first
Monday in August, which shall be in the Year of our Lord One
thousand seven hundred and sixty, repair to the Office of the Com-
missioners or Trustees, for emitting Bills of Credit, established by
Act of Assembly, and there examine and inspect into the State of the
Funds or Accounts of Money paid into the said Office, in Virtue of
this Act, and the Acts herein mentioned to be continued, and shall

p. 250

make an Estimate of what the several Taxes, Duties, Impositions,
Fines, and Forfeitures, therein mentioned, will amount to in five
Years, allowing the fifth Year's Collection of the said Taxes, Duties,